| UPDATED: 18:42, Mon, Mar 15, 2021
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Weak economic activity in the Eurozone and semi-conductor supply shortages have pushed down German car industry output. Industrial giant Volkswagon is now trying to save money to reduce fixed costs and one consequence is a spate of redundancies that will take place within the next two years. This money-saving exercise is part of a comprehensive austerity programme that Volkswagon has imposed.
the bad news is they ve been very smart. they ve been very smart. jean claude has been brilliant. now he s leaving, but he s been brilliant at really helping them and not helping us. so that s changing now. but we can t lose that particular war of tariffs because the trade imbalance is tremendous, it s tremendous. if you look at what they don t have, the barriers that they put up, they put up tremendous barriers to our doing business in europe, tremendous barriers, both from a monetary standpoint and what they call nonmonetary barriers. it s a very tough thing. our foreign products, very hard to get them in, our cars very hard to get in. yet they send mercedes, bmw, volkswagon, renault in the case of france. so it s a very tough situation for us for many years but now it s a very tough situation for
union. that s the good news. they have been very smart. jean claude has been brilliant. he s been brilliant at really helping them and not helping us. so that s changing now. we can t lose that particular war of tariffs because the trade and balances is tremendous. if you look at what they don t have the barriers that they put up, they put up tremendous barriers doing business in europe. both from a monitor standpoint and what they call nine monitor barriers. it is very tough thing. our foreign product is hard to get in. yet they send mercedes, volkswagon and bmw. it is a tough situation for us for many years but now it is a
breathing dirtier air. reporter: leading, they say, to more asthma, hospitalizations anem president trump tweeted the change would make cars cheeper and safer and told auto makers to seize this opportunity because without this alternative to california, you will be out of business. four auto makers, ford, bmw, honda and volkswagon already agreed to california s stricter standards. 50 miles per gallon by 2026 instead of president trump s proposed 37. now those companies are under federal investigation and say they are either cooperating or in touch with federal authorities. california promises to fight. if they re not willing to do their job, we ll do it for them in court. reporter: igniting an muicleshould pollute. ann thompson nbc news. also here in california, president trump on a political fund-raising tour says his administration is considering taking action to deal with thei goreaction to that
of the world s oil output on a daily bases for transportation the trick about california, so many cars are sold in california that de facto the car companies have to deal with california s higher standards what the autoindustry does not want is two standards. one for california and one for the rest of the country. we had ford, bmw and volkswagon. the president did not like that. the justice department investigating those four automakers for antitrust violations which is kind of remarkable the idea they got together to say we ll abide by the aroun standards. they got together to do anything else, we think that s anti-trump kind of behavior